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Home
> Financials > Consolidated Financial Statements > Notes > 14. Intangible Assets |
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| C. NOTES TO THE CONSOLIDATED BALANCE SHEET |
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14. Intangible Assets
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Licenses, trademarks,
similar rights
and other
intangibles |
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Goodwill |
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Total |
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(000) |
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(000) |
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(000) |
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Purchase cost |
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1/1/2003 |
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231,611 |
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437,261 |
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668,872 |
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Exchange rate differences |
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20,052 |
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42,289 |
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62,341 |
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Changes in the scope of
consolidation |
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1,715 |
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0 |
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1,715 |
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Additions |
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21,739 |
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49,908 |
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71,647 |
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Retirements/disposals |
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2,430 |
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0 |
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2,430 |
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Reclassifications |
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62 |
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0 |
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62 |
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12/31/2003 |
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232,645 |
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444,880 |
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677,525 |
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Accumulated amortization |
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1/1/2003 |
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121,961 |
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106,146 |
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228,107 |
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Exchange rate differences |
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9,886 |
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6,387 |
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16,273 |
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Changes in the scope of
consolidation |
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1,266 |
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0 |
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1,266 |
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Additions |
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45,505 |
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0 |
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45,505 |
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Retirements/disposals |
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2,416 |
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0 |
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2,416 |
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12/31/2003 |
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156,430 |
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99,759 |
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256,189 |
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Book value 12/31/2003 |
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76,215 |
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345,121 |
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421,336 |
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Book value 12/31/2002 |
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109,650 |
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331,115 |
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440,765 |
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All of SAPs intangible assets, other than goodwill and the aggregate minimum pension liability offset (416 thousand) included in other intangibles, are subject to amortization. Intangibles consist of two major asset classes:
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(in thousands € except amortization period) |
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Software and database licences |
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Aquired technology |
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Other |
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Licenses, trademarks, similar rights and other intangibles |
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2003 |
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Purchase cost |
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125,056 |
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96,422 |
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11,167 |
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232,645 |
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Accumulated amortization |
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98,360 |
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53,651 |
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4,419 |
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156,430 |
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thereof additions in 2003 |
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Purchase cost |
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14,266 |
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0 |
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7,473 |
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21,739 |
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Weighted average amortization period in years |
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3 |
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4,1 |
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- |
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2002 |
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113,446 |
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113,809 |
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4,356 |
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231,611 |
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81,139 |
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38,781 |
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2,041 |
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121,961 |
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Software and database licenses consists primarily of technology for internal use whereas acquired technology consists primarily of technology to be incorporated into the Groups products. Other consists primarily of trademark licenses and customer lists acquired. For further information refer to Note 4.
The estimated aggregate amortization expense for intangible assets for each of the five succeeding years ending December 31 is as follows:
The carrying amount of goodwill by reportable segment as of December 31, 2003 and 2002 is as follows (for further information see Note 34):
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2003 |
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Thereof additions in 2003 |
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2002 |
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Thereof additions in 2002 |
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(000) |
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(000) |
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Product |
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215,062 |
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13,467 |
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228,120 |
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4,549 |
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Consulting |
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119,921 |
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36,441 |
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95,779 |
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15,761 |
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Training |
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10,138 |
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0 |
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7,216 |
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181 |
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345,121 |
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49,908 |
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331,115 |
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20,491 |
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With the adoption of SFAS 142 in 2002 goodwill is no longer amortized. Net income and earnings per share for 2001, adjusted to exclude amortization expense, net of tax, is as follows:
Net Income
Earnings per Share
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